Drexel Hamilton Reiterates Buy on Resonant (RESN) Following In-Line 2Q

Drexel Hamilton reiterated a Buy rating and $8.00 price target on Resonant (NASDAQ: RESN) following the company's 2Q earnings report and expansion announcement. Resonant’s second quarter results were very much inline with expectations, with the firm demonstrating significant progress on all fronts over the past three months.

Analyst Cody Acree commented, "With its recent progress, we believe the company has gone a long way to significantly increasing the likelihood of meeting its product design and licensing objectives and achieving recurring revenue within an investable timeframe. Accordingly, we reiterate our Buy rating and our $8 target price."

For an analyst ratings summary and ratings history on Resonant click here. For more ratings news on Resonant click here.

Shares of Resonant closed at $5.86 yesterday.

You May Also Be Interested In

• FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
• BofA lists top 5 themes driving next $1tn in incremental semi sales
• FedEx (FDX) Tops Q4 EPS by 39c, Beats on Revenue; Offers FY27 EPS Guidance